India’s Nifty 50 index on September 29, 2025, trimmed most of its intraday gains to close almost flat, signaling a cautious market mood amid mixed sector performances and global cues. Despite opening in green and short-term recovery attempts, the index struggled to maintain upward momentum, reflecting investor uncertainty ahead of key economic updates and the Reserve Bank of India’s upcoming policy decision.
Market Performance
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Nifty 50 ended the session up just 0.03%, paring most of its earlier gains after a brief rally during the day.
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The index faced resistance near the 24,900–25,000 levels, unable to sustain a breakout that would confirm a bullish trend reversal.
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Sensex showed similar patterns with intraday gains fading, leading to a cautious close.
Sector Movements
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Gains were led by IT, oil & gas, and metal stocks which showed strength early in the session.
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FMCG stocks slipped sharply, capping broader market upside.
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Notable corporate moves included leadership changes at Tata Motors and significant investments planned by PG Electroplast.
Technical Outlook
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The Nifty 50’s immediate support is around 24,700 to 24,760, while resistance levels remain near 24,900 and 25,000.
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Market experts emphasize the importance of closing above 25,000 on a monthly basis to signal sustained recovery.
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The futures market indicated moderate optimism with long positions favored, but cautious stop-loss strategies advised.
Global and Economic Context
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Global stock markets showed mixed trends, with US indices posting gains, while Asian markets varied.
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Investors remain cautious ahead of RBI’s monetary policy announcement and ongoing trade discussions affecting market sentiment.
Sources: Economic Times, The Hindu Business Line, Moneycontrol, CNBC TV18, The Hindu Business Line Technical Analysis, Upstox, ET Now News